Analysts attribute the rise to robust industrial demand, safe-haven buying, and continued inflows into silver-backed investment products.
Globally, silver also advanced sharply, with spot prices rising over 2% to $47.18 per ounce.
The surge was fueled by expectations of monetary easing in major economies, geopolitical uncertainty, and investor appetite for precious metals as a hedge against inflation.“Silver is benefiting from its dual role as a safe-haven and an industrial metal,” said a bullion dealer. “Applications in solar panels, electronics, and electric vehicles are supporting long-term demand, while global uncertainty keeps investment interest high.”
The rally in silver comes alongside a strong performance in gold, which touched $3,824.61 per ounce globally and ₹1.19 lakh per 10 grams in India, up nearly 45% in 2025 — its best yearly gain since 1979.
Analysts suggest that the current trend in silver is likely to continue in the near term, with any short-term corrections being seen as buying opportunities given the structural demand from both industry and investors.
–With agencies inputs
